Flagler County/Palm Coast Market Highlights

Can you believe it's Fall already and the end of the year is fast approaching? I know I can't. "How's the market? " is the common question I hear, and there really are some some things about our local market. Here's just a few from the residential housing portion:

Inventory levels at their lowest in recent years

The number of houses for sale over the last few years in Flagler County has rarely dipped below 1,100 (and 900 for Palm Coast) at any given point in time. As of today, there are 986 homes for sale in Flagler County and 739 in Palm Coast. Of those for sale in the County, only 39 fall under "foreclosure" status and 245 are "Short Sale" designated. All positive numbers in my opinion.

Sales

Sales are one of the most important things obviously, and over the last few years we are seeing great year-over-year trends. Take a look at the comparison of the same period from 2008 to present:

We've seen increases each year to the tune of 7% to 10% during this period. This year 1219 houses have sold for Flagler County through September. The highest at $1.8M and the lowest at $13,400 for a median price of $120,000 and an average price of $158,275.

The most active price brackets really haven't changed much either. Here's a chart showing housing sales by price bracket in Flagler County through September of this year:

We typically see an uptick in activity in November and December in the area as well. So it will be interesting to see the outcome over the next couple of months of the year. If you are looking to sell, now is a good time to list. If you are looking to buy, now is a good time to start looking. Either contact me today or visit PalmCoastHomeShow.com to get started.

* Disclaimer: Information based upon the Flagler County Association of Realtors MLS as of 10/17/2011 for Residential Houses. Information may be deemed reliable, but is not guaranteed